Downtown Office
10 State Street Reno, NV 89501
10 State Street, Reno, NV, 89501
Contact for pricing
For Sale
Contact for pricing
Four-story office building offered for sale or lease near the Reno Courthouse.
Property Size18,726 SF
Price / SF$219.76
Days on Market104
Property Features for 10 State Street
General Information
- Standard status
- Active
- Size
- 18,726 SF
- Property subtype
- Office
Building Details
- Year Built
- 1950
Listing agency
Dickson Commercial Group
(775) 351-5578
Listed by
Travis Hansen · License #NV 75595
Source
Crexi
Added: Apr 10 Updated: Jul 21 at 10:14PM Checked: Jul 22 at 10:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dickson Commercial Group
Investment Insights
Based on property information with market context.
10 State Street is a four-story office building offered for sale or lease in Downtown Reno. The property is positioned to accommodate a range of office uses, with flexibility for both owner-users and investors.
The building is located in the heart of Downtown Reno, just one block from the Truckee River and steps from the Reno Courthouse.
As a multi-story office asset, the property provides multiple levels of work space within a central downtown setting.
The building is located in the heart of Downtown Reno, just one block from the Truckee River and steps from the Reno Courthouse.
As a multi-story office asset, the property provides multiple levels of work space within a central downtown setting.
Key Highlights
- Four‑story office building offered for sale or lease
- Built in 1950
- Located in Downtown Reno, one block from the Truckee River
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $541.6k | $28.92 |
| − Vacancy | −$100.2k | −$5.35 |
| EGI | $441.4k | $23.57 |
| − OpEx | −$110.3k | −$5.89 |
| NOI | $331.0k | $17.68 |
18,726 SF · lease $28.92/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.73M
$4.14M – $5.52M
NOI $331,026 @ 7.0% cap · market cap 8.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.77M
$5.05M – $6.73M
NOI $403,978 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Inter-Tribal Council of Nevada
Tribal Headquarters
Dr. mick M. ...
Physician
Child Care Development ...
Government Office
The Gallery Events
Hotel & Motel
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FAQs
What type of property is this?
Office building - Four-story office building offered for sale or lease near the Reno Courthouse.
Where is this office building located?
The property is located at 10 State Street Reno, NV.
What is the asking price?
The asking price for this property is $4,115,200.
What are key features of this property?
This property features: Four‑story office building offered for sale or lease; Built in 1950; Located in Downtown Reno, one block from the Truckee River
